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A city court on Friday directed Bloomberg Television Production Services India Pvt. Ltd. (Bloomberg) to remove a news article published against media major ZEE Entertainment Enterprises Ltd (ZEEL) from its online platform.
Bloomberg had published an article titled “India Regulator Uncovers $241 Million Accounting Issue at Zee” which was “defamatory” and was published to malign its image.
ZEEL in a statement said it argued in front of the Court that the article published by Bloomberg was false and factually incorrect, with a pre-meditated and malafide intention to defame the Company.
Despite the Company firmly refuting the same, the article incorrectly published financial irregularities in ZEE, without the basis of any order from the regulator, it said.